Q3 EPS Estimates for Inter Parfums Lifted by BWS Financial

Inter Parfums, Inc. (NASDAQ:IPAR) – Research analysts at BWS Financial raised their Q3 2024 earnings estimates for shares of Inter Parfums in a research note issued to investors on Wednesday, October 23rd. BWS Financial analyst H. Khorsand now forecasts that the company will earn $1.73 per share for the quarter, up from their previous estimate of $1.64. BWS Financial has a “Buy” rating and a $172.00 price target on the stock. The consensus estimate for Inter Parfums’ current full-year earnings is $5.17 per share. BWS Financial also issued estimates for Inter Parfums’ Q4 2024 earnings at $1.00 EPS, Q1 2025 earnings at $1.24 EPS, Q3 2025 earnings at $1.86 EPS and Q4 2025 earnings at $1.24 EPS.

A number of other equities research analysts also recently commented on IPAR. StockNews.com raised shares of Inter Parfums from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Jefferies Financial Group upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Friday, July 12th. DA Davidson reissued a “buy” rating and issued a $163.00 price target on shares of Inter Parfums in a report on Tuesday, October 22nd. Finally, Piper Sandler reissued an “overweight” rating and set a $151.00 price target (up previously from $150.00) on shares of Inter Parfums in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Inter Parfums presently has a consensus rating of “Moderate Buy” and an average target price of $156.50.

Inter Parfums Trading Up 0.3 %

Shares of IPAR stock opened at $121.70 on Monday. Inter Parfums has a 1-year low of $108.39 and a 1-year high of $156.75. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.58 and a quick ratio of 1.27. The company has a 50-day moving average of $122.37 and a two-hundred day moving average of $122.47. The firm has a market cap of $3.90 billion, a PE ratio of 28.04 and a beta of 1.15.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.09. Inter Parfums had a net margin of 10.38% and a return on equity of 15.82%. The firm had revenue of $342.00 million during the quarter, compared to the consensus estimate of $342.00 million. During the same quarter in the prior year, the firm earned $1.09 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis.

Institutional Trading of Inter Parfums

Several institutional investors and hedge funds have recently bought and sold shares of IPAR. Hexagon Capital Partners LLC raised its holdings in Inter Parfums by 84.0% during the first quarter. Hexagon Capital Partners LLC now owns 265 shares of the company’s stock valued at $37,000 after buying an additional 121 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Inter Parfums by 13.8% during the 1st quarter. BNP Paribas Financial Markets now owns 33,403 shares of the company’s stock worth $4,693,000 after acquiring an additional 4,059 shares during the last quarter. Whittier Trust Co. acquired a new stake in shares of Inter Parfums in the first quarter valued at approximately $31,000. Texas Permanent School Fund Corp raised its position in shares of Inter Parfums by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 15,674 shares of the company’s stock worth $2,202,000 after acquiring an additional 203 shares during the last quarter. Finally, Quantbot Technologies LP lifted its position in Inter Parfums by 476.0% during the 1st quarter. Quantbot Technologies LP now owns 2,932 shares of the company’s stock valued at $412,000 after purchasing an additional 2,423 shares during the period. Institutional investors and hedge funds own 55.57% of the company’s stock.

Insider Transactions at Inter Parfums

In other news, Director Veronique Gabai-Pinsky sold 1,500 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $125.96, for a total transaction of $188,940.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 43.90% of the company’s stock.

About Inter Parfums

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.